An Introduction to Emergency Funds
What is an Emergency Fund? An Emergency Fund in simple terms is a lump of money that you keep aside to use in case of emergencies. It is a “peace of mind” account. It is money you put away for a “rainy day”. It gives you the comfort to know that is something drastic happens and all of a sudden you need a sum of money it is sitting there waiting. Unfortunately life does throw curve balls every now and…